Stocks were lower ahead of Powell’s testimony—with the Dow Jones Industrial Average down as much as 250 points, but all three indexes pared back losses by midday after his comments.
Powell, who is expected to win a second term as Fed chairman, faced questions at his Senate confirmation hearing about how the central bank will adjust monetary policy to combat inflation. While Powell predicted that supply chain issues would normalize later this year, which should help ease inflationary pressures, he said that the Fed will not be afraid to raise interest rates further than projected if inflation remains high.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Fed's Powell: Inflation poses a major threat to job market | AP NewsWASHINGTON (AP) — Chair Jerome Powell acknowledged Tuesday that high inflation has emerged as a serious threat to the Federal Reserve's goal of helping put more Americans back to work and that the Fed will raise rates more than it now plans if needed to stem surging prices. Maybe just call Trump 📞 he was doing great. It can't hurt for Biden to get help. Biden is destroying this country. How is anyone that voted for him not embarrassed at what they enabled? Nobody should be surprised by rising inflation. This has been building for years. Many have been warning about it, but no one listened Unchecked deficit spending, with cheap money policies do it every time.
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